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SHSID offers Economics courses in different areas at different levels in grade 9-12.


In grade 9-10, "Principles of Economics" is a selective course available for all the students who are interested in learning principles of Microeconomics, Macroeconomics and International Trade.


In grade 11 and 12, AP Microeconomics and AP Macroeconomics are two one-year courses offered to the students who have taken Principles of Economics in grade 9 and 10 and who want to dig more into the details of college-level Economics.


In grade 11 and 12, Business Management is a selective course offered to students who have taken Principles of Economics and who want to learn more about Business and Management. The course is a one-year course. Students can choose to take it in either of the last two years of their high school.


In grade 11-12, IB Economics is offered to IBDP students as a social study. This is a two-year course and it requires students to study the theories of Microeconomics, Macroeconomics, International Trade and Development Economics in detail and to finish a portfolio of 3 commentaries based on 3 news extracts from different news media in two years.


In grade 12, Accounting is a selective course offered to the students who have taken Principles of Economics in grade 9-10 and who have the interest in Accounting. 


Aims of the Economics Department:


  1. encourage the systematic and critical study of human experience and behaviors, political, economic and social environments.


  1. develop in the student the capacity to identify and analyze critically and to evaluate theories, concepts and arguments about the nature and activities of the individual and society.


  1. enable the student to collect, describe, analyze and interpret complex data and source material and to test hypotheses.


  1. develop an awareness in the student that human attitudes and beliefs are widely diverse and that the study of society requires an appreciation of such diversity.


  1. enable the student to recognize that the knowledge and methodologies of economics are contestable and that the study of economics the acceptance of uncertainty.


  1. gain an understanding of microeconomic and macroeconomic theories and concepts and their real world application.


  1. have an appreciation of the impact on individuals and societies of economic interactions between countries.


  1. attain an awareness of development issues facing nations as they undergo the process of change.


Teaching Objectives


Students should be able to


  1. understand economic terms, concepts and theories; economic diagrams, economic data and different evaluation methods.


  1. apply economic concepts and theories to real-world problems, and economic diagrams to real-world problems.


  1. construct, analyze and evaluate hypotheses, research questions and predictions, economic assumptions and models, economic issues and policies.


  1. produce well-structured written materials, using appropriate economic terminology, within limited time.


  1. select, interpret and analyze economic data and news media.